Omaha daily bee., 1887-09-15
THE TRADING PITS QUIET.
A General Absence of Outside Speculative
Orders Noticeable.
CORN FOLLOWS AFTER WHEAT
No Particular Change IN the Fro
vision Trade-A Liberal supply
OF All Kinds OF Cattle
Quotations.
CHICAGO PRODUCE MARKET.

Indeed all the forenoon to-day. outside 10 |
mestic markets we're, t. Judge from the dis
patches, as spir!tlesa as our own and moth
ing came over the wires Of character to |
disturb values materially. The yellow tissue
had 1t that the New York produce exchange
was in abuff over an article published in the
Times Of that city, purporting to be an inter-
view with President Wright con cerning the
bucket shop question, and were giving more
attention to turning over" this exchange
than they were to business. Tie general
absence Of outside speculative orders here,
the lack of local interest and gossip over the
news from Ottawa on the anarchist case, all
tended to make 1t a dull day on the Chicago
bourse. Wheat opened firm ana fractionally
higher, with "the crowd" in an excellent
humOr for giving prices little boost
This inspiration was drawn from
the ION passage" figures. 1t was
shown that during the past week
there was a decrease in the amount ahoat of
t,760, ,0O0 bushels, and although the New York
market was firm, cables were uniinprOved,
spot wheat being reported in limited de-
mand, with India sorts lower. Good buying
early by Driver & Shaw and the scalping ele-
ment, sent October from 6a5s@16924c at the
opening, up to roc. December improving in
the meantime to 721sc and May to 1870. But
as the market received no outside support,
the improvement did not hold and by noon
October had dropped back TO yesterdays
closing range, or 69111G9&c on the split.
That future sold very sparingy at roc. The
reaction was rather sharp and on the down
turn the weakness was intensified by SELL
ing orders from New York. The market
showed no recuperative power dnring the
last hour of the morning session and the
al nlr ,Itt
better than yesterday afternoon. The
ations was only about &c, and
when the bell tapped quotations stood at
691sc for October, 711sc for November, 72Sc
for December and 7S19a7SsSc for May. Ex-
740OO bushels--and receipts at twelve princl-
pal points were 6270O0 bushels, against
22S, 600 shipped from the same The arrivals
here continued very ight--only thirty-eight
inspection, including but one car of No. 2
spring. The estimated receipts for tO-mor-
row are ffty-seven cars.
Dullness, narrow fluctuations and general
absence of interesting features was the order
OF the day In the pit, and the leading futures
with yesterdays last bid. October opened
stronger at 4919c, sold up in the early deal
ings to 429S643s4c together, and then off to
42ssc: which was the market at o'clock. In
IHe NONtlnDcI anu lJbCtHbeE OptlOnS tUtIc
was only limited business passing, and
while the opening figures showed sc pre-
MUM on November :over October. it finally
disappeared, and toward the close November
touched 45sIc and later sold Off to 45ss(0451c
OH the split. All months rested at the bottom
at the close OF the morning session. Trading
throughout was of light scalpng order, and
although the tone of the market was in the
direction of lower level. after the little
bulge early, the feeling was at no time espe.
cially weak. The New York market was
mand." No fault can be found with the cash
movement at this point TOday's charters
footed up 29G,0 600 bushels, with lake freghts
by water to the seabOard unchanged, where
ing lately. Receivers say that all the indi.
cations are in favor of continued liberal re-
ceipts and most Of the banks report
Larger shipments Of to interior
Yesterdays arrivals exceeded the estimates
slightly ana expectations tomorrow are for
416 cars, which is little larger still. The
ceipts. There was decrease in the amount
of corn on ocean passage last week of TO 600
bushels, and 1t is believed that II prices do
not get too high the export trade in this creal
will from now on cut more OF figure than 1t
has for years.. Hutchinson was free seller
of October corn to-day. This would not have
special significance, perhaps, were 1t not for
the fact that he has been the leading ppll in
and heavy operator his movements are
was also reported that "Hateh" had sold
100000 bushels, to Baker, who will keep on
moving 1t out. Captain Phillips is an un-
compromising bull on corn. He does not go
back on the government figures, but says
they are good enough for him, reading them
this way: Crop OF 1885, ,665, ,OO0, 900 bushels; !;
crop of 1857 1,445, 900 bushels; shortage,
1900 600 bushels; amount less in farmers
hands and In visible than last year, $50. .000,-
200 bushels; total shortage. 100000. 900
bushels.
Oats were again very dull In the specula,
tive market Orders to either buy or sell
changes that occurred in prices were In favor
of holders. October improved from 25s6B25ss4c
together to 25s4c straight, November from 26c
to @1sc and May sold and closed at 3O1sc, or
about sc better at p. IN.
In provisions there was no particular
change. Trading was fair and in the genera!
market the bear side was regarded with the
greatest favor. though the most serious de;
2h@5c from last nights cosings. Short
ribs for the different deliveries dealt in were
unchanged. while In January pork there was
sidered. the trade was we'll supported. Sep.
tembel and October short ribs ranged OF Ss. &c
9s.95 and rested at o'clock at $500. Sep.
tember lard was about the same as October,
Subsequently November lard closed at S8. 43I6
G6.45 and December at $6.45. The January
product tluctuated within narrow limits and
at o'clock pork was quoted at S12 55, lard a,
S6.52H and short ribs at S6,45 Cash lard
sold freely, at s6.47}s@652h. Cash meat:
were held firmly.
AFTERNOON SEssIoN-Wheat quiet ant
easy; September closed at 6S5ic; October
sold at 69>a @69ssc, closing at 69]S@69SEc
November sold at Tic; December sold at 72],
@T29sc. closing at 72Ss; May sold at 7S1S
closing at that. Corn easy; September sole
at 42Sc, closing at 42i4c; October sold at 42s6t
and 42H0o42ssc on the split, closing at AL "a
42ssc; November sold at 4214c and Decembe
42ls@42lc; May sold at 459s(l451Sc, split a
45sc, closing at 45ssc and sellers at ass a
45Hc. Oats steady; September abou
2516c; for October 255sc wa
bid; November was offered at 26c
May sold on tho split at 30(83O5sc, and close,
at SOC. Pork sold for January delivery a
$l2.50612.52lS, and closed at Sl2.5O; yea
was nominal at S12.50 Lard was easier
September and October closed at S6.471s
November at SO. 6.420p6.45, December at Sc 4
and Januaryat So so bid. November sol,
at S6i2ls and January at S6.5O06. 521S
Short ribs were 2k@5c higher for October
which sold and closed at Ss.92I.QSS9 S95; Sep
tember was the same az October; January
closed at S6.45